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RE: How much SP in tied up in Bid Bots?
Thanks for posting this. Interesting stats :-)
I think it is an even lower percentage.
The total vesting fund currently contains 192,505,758.709 STEEM
The total STEEM supply is 270,643,578.007 STEEM
21,240,294 / 192,505,758 = 11.0%
21,240,294 / 270,643,578 = 7.85%
So it is 11% of all vested STEEM (powered up) and almost 8% of the total Steem supply.
But shouldn't we look at the SP being actively used for upvoting? Let's assume the whole 169mln is not being used to upvote, then the bots control 100% of the upvotes.
Is the full 169mln used for upvoting?
Including the 48mln from Steemit?
Oh wow youre very correct here, we are totally forgetting how many SP Whales don't even use their upvote... many of them actually dont even use nearly a fraction of their vote power.... Just like witness votes which are basically only being voted on by a minority of steempower stake holders and its very interesting how many large stale holders dont vote for witness and how many of them don't even care to earn off their SP, many are just wealthy BTC whales with much more BTC than STeem, they all collectively buy more steem during the bull runs, theyre the ones buying up more stake with their extra bitcoin. SO anyway I do see this as an important point, many users who actually have a large stake don't even use their SP to earn off of it!
The answer to your question is above 20% according to some pretty good estimation.
https://steemdb.com/labs/rshares?date=2018-06-20
Thanks!
I counted the top50 and that's about 22.5%. That's close to the 26% I calculated based on different analysis. The 3.5% difference is explained by all the small bots outside the top50 and of course timing/daily differences.
https://steemit.com/steemit/@crypto-econom1st/re-themarkymark-how-much-sp-in-tied-up-in-bid-bots-20180628t211333908z
Btw, guess who I saw on spot 50 😀
Sigh. this the only relevant number. It's pretty dishonest to be peddling anything else. And yeah. TOO DAMN MUCH. (then again I think anything more than 0% is too much LOL)
You are right, I forgot to include the bots in the total SP calculation bringing my number to 11.111%. Of course, it is slightly higher as not all bots are listed (but they have nothing in comparison for SP) and some vote bots sell votes directly from end users and not via delegation, but still should be a small % change, maybe 1% more?
This is an amazingly low number considering the power they have to get people on trending. I am fighting to survive here and many people who used to give me good upvotes now are silent, powering down, or have delegated their sp elsewhere - maybe to bots.
I recently found out @ned does not vote at all now. This led to another person saying many big accounts do not vote.
I use the little bots only when they are running good in an attempt to raise payouts and reward my real voters. I have hidden about half the bots on steembottracker since they never pay well and I'm not trying to lose money on them. Lately those little bots I use are almost never paying well as people slam huge bids on them.
I upvote comments and used to get many good ones on my posts. This too is fading fast.
I feel really hopeless, but I am trying hard to continue.
@fitinfun, i understand your frustration, i know where you're coming from. Although i must say, you are a bit selfish as well. Bear in mind that you have 200 SP and extra 1000++ you received as delegation. Other don't even have 10% of what you have. How are they surviving with far less? Maybe we appreciate more what we have and from the little we have, to share with others rather than feeling pitty and think of one person only.
We all feel hopeless many times of the day, and many of us are indeed less fortunate than others that say and feel are hopeless. But that's how things are, and the only way to move through is keep on going, and making some good content as much possible we can.
I leased that delegated sp - no one gave it to me. I'm due to be homeless in a few days, so that should make you feel better.
I am really, really sorry to hear that @fitnfun, it must be difficult to have to mentally and physically go through that.. Such news don't make me feel better whether i know the person or not; but may i ask how did you come to be in this situation? If you can not or don't want to talk, i'll understand. Wish you luck @fitnfun .
Many things about my work have fallen apart in the last six weeks or so and I have dropped a lot of balls. I am ulogging about my situation if you want to look at more details. I'm putting all the information on them. Thank you for you support.
Happy Anniversary! What do i have to do to upvote you as witness @themarkymark ?
You can find it in the menu on the right, where you can vote for any witness (up to 30 total).
I always appreciate how you approach yo present right numbers
Thanks @penguinpablo for the Stats ....so its 11% controlled by bots,fair percentage!
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